June 2016 archive

Summer Driving Demand Still Causing Little Effect on Oklahoma Gasoline Prices

While the nation’s average gasoline price increased seven cents a gallon in the past two weeks, the average in Oklahoma rose just two cents, hitting a statewide average of $2.15 a gallon, according to the latest Fuel Gauge Report from AAA Oklahoma. The nation’s average is up to $2.38 a gallon, the most expensive average …

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Gas Flaring Practice Plunges in North Dakota

While the federal government’s targeting natural gas flaring on federal lands, the practice in the state where the highest amount has been carried out has fallen sharply since 2014. North Dakota’s flaring as of March 2016 was down to 10%, less than a third of the January 2014 flaring rate of 36%, according to figures …

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$7 million in Fines Against UP Railroad in Two Years

After looking into federal records following a June 3-firey crude oil train derailment in Oregon, reporters for The Oregonian and OregonLive have discovered the Union Pacific railroad has been fined more than $7 million in a two-year period. The fines  were for safety violations from 2014 through 2015.  An Oregon Department of Transportation Inspection found …

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Natural Gas Transportation Service RFP for 2017 Issued by PSO

Tulsa-based Public Service Company of Oklahoma is seeking a Request for Proposal for firm natural gas transportation service for calendar year 2017, according to a company press release issued on Monday. PSO, a subsidiary of American Electric Power, is seeking the RFP to serve its natural gas-fired power plants. The Oklahoma electric utility provides service …

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Production Concerns and Lower Crude Oil Settlements Cloud Monday Futures

Oil futures finished down on Monday as trading closed amid concern about an increase in production, according to Bloomberg MarketWatch. July West Texas Intermediate crude had its lowest finish since June 3, dropping 19 cents, or 0.4%, to end trade on the New York Mercantile Exchange at $48.88 a barrel. On London’s ICE Futures exchange, …

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Completion Reports June 14, 2016

KINGFISHER COUNTY Chesapeake Operating Llc Oswego(6587): Oil 153 Gas 588 Water 173 Artificia 12 18N 6W Meritt 12-18-06 1h, February 12, 2016 HH, OIL, TD: 10645 ft Lat: 36.04409, Long: -97.79703 API: 35073250640001 Newfield Exploration Mid-con Inc Mississippian(ex Chester): Oil 818 Gas 413 Water 607 Pump 24 17N 8W Storm 1h-13x, January 20, 2016 HH, …

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Permits to Drill June 14, 2016

Caddo County EAST BINGER UNIT #1G-1, June 13 2016 23 10N 11W CSENW API: 01520517 Lat: 35.3286455681806, Long: -98.3350489615061 BINGER OPERATIONS LLC SH, RC, 10074 ft, MARCHAND UP(9950) Canadian County TOY DARROW #2H-8-17, June 13 2016 07 10N 5W NWSENESE API: 01724908 Lat: 35.35325970757139, Long: -97.76155797896399 CITIZEN ENERGY II LLC HH, DR, 16200 ft, WOODFORD(9100) …

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Kimray Forced to Make More Layoffs in Energy Downturn

Months after a 10 percent reduction in its workforce, oilfield manufacturing equipment company Kimray, Inc. of Oklahoma City announced Monday it planned to lay off 120 workers by the end of the week. The reason is no surprise to anyone in the energy industry.  The company blames the prolonged industry downturn.  The company’s first reduction …

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Oklahomans Helped House Condemn Carbon Tax

  All five Oklahomans in the U.S. House were among those who helped congress make clear its opposition last Friday to a national carbon tax and the President’s plan for a $10–a-barrel tax on crude oil. The House passed its condemnation on a 237-163 vote saying such a carbon tax proposal “would be detrimental to …

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Prices Force Delay in New Chemical Plant Along Texas Gulf Coast

Plans by German chemical giant BASF SE to build a massive plant along the Gulf Coast in Texas have been temporarily shelved because of volatile prices. It was nearly 15 months ago when the company announced plans for the largest single-plant investment with a planned annual production of 475,000 metric tons of propylene. But now …

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